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Which 1970s U.S. economic problem combined slow growth, high unemployment, and high inflation?
Answer
Stagflation
Which economist developed the concept of creative destruction, often used to explain recession-driven economic change?
Answer
Joseph Schumpeter
Which 1946 U.S. law required the federal government to promote maximum employment, production, and purchasing power?
Answer
Employment Act of 1946
What was the name of the 1980s Latin American debt crisis policy package associated with economist John Williamson?
Answer
Washington Consensus
Which U.S. recession began in July 1981 and ended in November 1982, according to the NBER?
Answer
The 1981–1982 recession
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Which 1946 U.S. law required the federal government to promote maximum employment, production, and purchasing power?
Answer
Employment Act of 1946
Which U.S. recession began in July 1981 and ended in November 1982, according to the NBER?
Answer
The 1981–1982 recession
Which country became the first to adopt formal inflation targeting in 1990?
Answer
New Zealand
Which U.S. law created the Federal Deposit Insurance Corporation during the Great Depression?
Answer
Banking Act of 1933